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Industrial Machinery & Equipment M&A image Industrial Machinery & Equipment M&A » By The Online Investor Staff, updated Mon., Aug. 8, 11:45 AM Recent mergers and acquisitions in the Industrial Machinery & Equipment M&A category.

Slide #67. Kennametal Tungsten Materials Business from ATI

Acquirer: Kennametal (KMT)
Acquiree: Tungsten Materials Business from ATI (ATI)
Details: Kennametal Inc. (NYSE: KMT) today completed its transaction to acquire the Tungsten Materials business from Allegheny Technologies Incorporated (NYSE: ATI) for $605 million. The acquisition, announced on Sept. 16, 2013, brings annual sales of approximately $340 million and an estimated 1,175 employees.

Kennametal is a manufacturer of tungsten carbide metal cutting tooling. Co.'s standard and custom product offering spans metal cutting and wear applications including turning, milling, hole making, tooling systems and services, as well as wear components and metallurgical powders. End users of Co.'s metal cutting products include manufacturers engaged in a range of industries including: the manufacturers of transportation vehicles and components, machine tools and light and heavy machinery; airframe and aerospace components; and energy-related components for the oil and gas industry, as well as power generation. Co. operates in two segments: Metal Cutting and Infrastructure.

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Kennametal is a manufacturer of tungsten carbide metal cutting tooling. Co.'s standard and custom product offering spans metal cutting and wear applications including turning, milling, hole making, tooling systems and services, as well as wear components and metallurgical powders. End users of Co.'s metal cutting products include manufacturers engaged in a range of industries including: the manufacturers of transportation vehicles and components, machine tools and light and heavy machinery; airframe and aerospace components; and energy-related components for the oil and gas industry, as well as power generation. Co. operates in two segments: Metal Cutting and Infrastructure.

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Company Name: 
Kennametal Inc.
Stock buyback: 
KMT buyback
Website: 
www.kennametal.com
Sector: 
Industrial Machinery & Equipment
Number of ETFs Holding KMT: 
48
Total Market Value Held by ETFs: 
$397.98M
Total Market Capitalization: 
$2.18B
% of Market Cap. Held by ETFs: 
18.27%
Company Name: 
ATI Inc (New)
Stock buyback: 
ATI buyback
Website: 
www.atimetals.com
Sector: 
Non-Precious Metals & Non-Metallic Mining
Number of ETFs Holding ATI: 
53
Total Market Value Held by ETFs: 
$980.65M
Total Market Capitalization: 
$3.40B
% of Market Cap. Held by ETFs: 
28.83%
 

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